INSUBCONTINENT EXCLUSIVE:
Mumbai: Market regulator Sebi or Securities and Exchange Board of India on Friday relaxed norms on foreign investments by Indians based
abroad after concerns over stricter regulations rattled markets earlier this month.Sebi said it accepted the recommendations by a panel it
had set up to review the rules for foreign portfolio investments.Earlier this month, the domestic stock markets fell sharply after a group
of fund managers raised fresh concerns over an April circular from the market regulator related to rules on foreign funds ownership by
entities of Indian origin, which they said could lead to massive dollar outflows from the economy.The panel, headed by a former central bank
deputy governor, had suggested, among other changes, that non-resident Indians be allowed to invest as foreign portfolio investors if a
